News

abrdn has announced plans to acquire 100% of the subscription-based investment platform Interactive Investor for £1.49 billion. abrdn said that the two firms have a "shared vision" of the growth and development of the wealth market and a "commitment" to being the customer champion.

The 260 partners at accountancy firm BDO have taken home £760,000 each this year. Partners at the firm saw their annual payouts drop to £518,000 in 2020, in the wake of the COVID-19 pandemic.

The UK Government has accepted five recommendations for reform of Capital Gains Tax (CGT) which were suggested by the Office for Tax Simplification (OTS).

The efforts undertaken to tackle fraudulent applications to the Bounce Back Loan scheme have been deemed "inadequate" by the National Audit Office (NAO). According to a new report, 'The Bounce Back Loan Scheme: an update', counter-fraud activity was "implemented too slowly to prevent fraud effective

Nationwide Building Society has appointed Debbie Crosbie as its next chief executive and executive director. The selection process has been led by Kevin Parry, the society's deputy chairman and chairman-elect and follows the announcement in September that after nearly six years in the role, the curr

Link Group Limited has reported that Standard & Poor’s Global Ratings (S&P) and its ratings committee have retained Link Group’s rating at ‘A’ with a stable outlook. In its research update released last week, S&P highlighted Link’s key role in supporting the

The Financial Ombudsman Service (OBS) has published today an action plan to change and improve the organisation to provide the best service for its customers and to cut down the complaints backlog. The action plan, which builds on progress already underway, sets out how the OBS will change and impro

Perthshire-based law firm Macnabs has announced a series of appointments as it celebrates the opening of its new office in Bridge of Allan this month. The firm has appointed partner Rachael MacDonald, and has promoted Sarah Mitchell who will also take up the position of partner within the firm.

Scottish craft brewer BrewDog has opened its new craft beer hotel in Edinburgh.

Scottish footfall decreased by 19.8% in November, a 2.8 percentage point decrease from October, according to the latest Scottish Retail Consortium (SRC) and Sensormatic IQ data.

Kalopsia Collective, a textiles batch product manufacturer, focused on offering sustainable and ethical alternatives for apparel and accessories, has moved to Fife. The social enterprise’s expansion will create two green jobs immediately, with a further 15 machinist roles to be created over a

A Scottish-based manufacturing facility that will enable the production of lower carbon cement products has secured a £500,000 award from Zero Waste Scotland’s Circular Economy Investment Fund. The new site is being launched by Innovative Ash Solutions, a 50/50 joint venture between Leve

Data from Tyl by NatWest, an SME payments provider, has shown SME’s transaction values increased by £7.85 on average since the new £100 contactless limit came into effect on October 15th. Analysing data by key seasonal sectors, those in the floristry industry benefited from an aver

The Cadworks sustainable office development in Glasgow city centre launched yesterday having been completed to coincide with COP26. Investor and developer FORE Partnership has already let part of the building to UK law firm TLT.

Clydesdale Bank owner Virgin Money has announced that it will create 'collaborative hubs' to support its collaborative approach.